What is the First Trust GNMA?
The First Trust GNMA (the “Fund”), including the various series of The First Trust GNMA, is a series of trusts, all similar but separate with different series numbers. Each was created under the laws of the State of New York pursuant to a Trust Agreement (the “Indenture”), dated the Date of Deposit with Nike Securities L.P., as Sponsor, United States Trust Company of New York, as Trustee, Securities Evaluation Service, Inc. as Evaluator, and First Trust Advisors L.P., as Portfolio Supervisor. On the Date of Deposit, the Sponsor deposited with the Trustee interest-bearing obligations, including delivery statements relating to contracts for the purchase of certain such obligations and irrevocable letters of credit issued by a financial institution in the amounts required for such purchases (the “Securities” or “Ginnie Maes”). The Trustee thereafter credited the account of the Sponsor for Units of each Trust representing the entire ownership of the Fund which Units are being offered hereb
